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Good answer, Winston!
Here are the five thing you need to focus on if you want more profit.
#1: Increase Traffic/Visits to your Business/Site (good show, Jack!)
Ways to achieve it:
-Get a domain Name. (Deb)
-Build a list (Deb, Mark, Ricardo)
-Placement on search engines (Deb)
#2: Increase your conversion rate
Ways to achieve it:
-Target market (Arthur, Deb)
-Sell affiliate goods (Deb)
-Build relationships with clients (Mark)
-Brand yourself (Mark)
-Give people a reason to stay (Mark)
-Overdeliver (Ricardo)
-Know need/product to meet need (Ricardo)
-Build a list (Deb, Mark, Ricardo)
-Reseller or finders fee option (Jack)
-Edify (instruct) prospects (Ricardo)
#3: Increase Your Average Sale Amount
Ways to achieve it:
-upselling (Winston)
#4: Increase your profit margin
#5: Reduce your overhead expenses
Those five things are the recipes for more profits when you run a business. As you see, there's many ways to achieve each one.
We have quite a few ways to achieve each listed, as you see. If you can think of more, share them with us!
: )
Linda
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